ScienceDirect. Detecting the abnormal lenders from P2P lending data
|
|
- Logan Tracy Horn
- 5 years ago
- Views:
Transcription
1 Available online at ScienceDirect Procedia Computer Science 91 (2016 ) Information Technology and Quantitative Management (ITQM 2016) Detecting the abnormal lenders from P2P lending data Haifeng Li a, *, Yuejin Zhang a, Ning Zhang a, Hengyue Jia a a School of Information, Central University of Finance and Economics, Beijing, China Abstract Online peer-to-peer lending is a new but useful finance method for small enterprises that is conducted on the website. To exclude the risk of this method, we make a study on predicting the potential lenders that may have a bad credit score. We use an outlier detection method to find the abnormal lenders, and we find the detected outliers have bad credit scores with a high possibility Published The Authors. by Elsevier Published B.V. This by Elsevier is an open B.V. access article under the CC BY-NC-ND license Selection ( and/or peer-review under responsibility of the organizers of ITQM 2016 Peer-review under responsibility of the Organizing Committee of ITQM 2016 Keywords: trust model; credit score; classification; P2P 1. Introduction Online peer-to-peer lending is a new but useful finance method for small enterprises. To finance small and micro enterprises in an effective method has attracted many attentions. This problem is very important especially in China. By the advances in information technologies, a new type of financing method, online peerto-peer (P2P) lending has become an important issue for traditional financing. Online P2P lending allows people to lend and borrow funds directly through an online intermediary without the mediation of financial institutes Motivation When a lender wants to acquire capitals from the online P2P companies, a risk will be raised. Traditional bank can audit the background of a lender with his application document, which, for the P2P companies or the borrowers, is an impossible task. Since a lender is never known has a good credit score or a bad one. Thus, how to find the lenders with bad credit score is a very challengeable question. Many researches have focused on this problem and proposed some useful method. * Corresponding author. Tel.: address:mydlhf@cufe.edu.cn Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license ( Peer-review under responsibility of the Organizing Committee of ITQM 2016 doi: /j.procs
2 358 Haifeng Li et al. / Procedia Computer Science 91 ( 2016 ) Related Works [1] represented an extension of the expansive credit risk and credit migration literature, prominent in the corporate bond and securities risk pricing literature, to an analysis of the drift of consumer credit scores. A rich data set of residential mortgages was used to observe credit score migration post loan origination and in a test of the ability of credit score transition to serve as a precursor to potential default and prepayment. The results indicated credit scores provide signals and information to investors and servicing agents in a fashion similar to credit ratings on commercial paper as to default potential. Soner[2] presented a proposes a three stage hybrid Adaptive Neuro Fuzzy Inference System credit scoring model, which was based on statistical techniques and Neuro Fuzzy. The performance of the proposed model was compared with conventional and commonly utilized models. The credit scoring models were tested using a 10-fold cross-validation process with the credit card data of an international bank operating in Turkey. Results demonstrated that the proposed model consistently performed better than the Linear Discriminant Analysis, Logistic Regression Analysis, and Artificial Neural Network (ANN) approaches, in terms of average correct classification rate and estimated misclassification cost. [3] addressed the question of what determines a poor credit score. The authors compared estimated credit scores with measures of impulsivity, time preference, risk attitude, and trustworthiness, in an effort to determine the preferences that underlie credit behavior. Data was collected using an incentivized decisionmaking lab experiment, together with financial and psychological surveys. Credit scores were estimated using an online FICO creditscore estimator based on survey data supplied by the participants. Preferences were assessed using a survey measure of impulsivity, with experimental measures of time and risk prefer-ences, as well as trustworthiness. Controlling for income differences, the authors found that the credit score was correlated with measures of impulsivity, time preference, and trustworthiness. Based on trust theories, Chen et. al[4] the present study develops an integrated trust model specifically for the online P2P lending context, to better understand the critical factors that drive lenders trust. The model is empirically tested using surveyed data from 785 online lenders of PaiPaiDai, the first and largest online P2P platform in China. The results show that both trust in borrowers and trust in intermediaries are significant factors influencing lenders lending intention. Emerkter et. al[5] used data from the Lending Club, which is one of the popular online P2P lending houses, to explore the P2P loan characteristics, evaluate the credit risk and measures loan performances. They found that credit grade, debt-to-income ratio, FICO score and revolving line utilization played an important role in loan defaults. Loans with lower credit grade and longer duration were associated with high mortality rate. The result was consistent with the Cox Proportional Hazard test. Also, they found that higher interest rates charged on the high risk borrowers were not enough to compensate for higher probability of the loan default; thus, the Lending Club must find ways to attract high FICO score and high-income borrowers in order to sustain their businesses. Harris[6] investigated the practice of credit scoring and introduced the use of the clustered support vector machine (CSVM) for credit scorecard development. This algorithm was well known that as historical credit scoring datasets get large while highly accurate becomed computationally expensive. Accordingly, he compared the CSVM with other nonlinear SVM based techniques and shows that the CSVM can achieve comparable levels of classification performance while remaining relatively cheap computationally. In this paper, we also addressed this problem and proposed a outlier detection method by the online documents of the lenders. This method can detect the abnormal lenders by their general features. The rest paper is organized as follows: Section 2 presents the data related the lenders. Section 3 introduces our detecting method. Section 4 concludes this paper. 2. Dataset Preparation and Data Processing We use the data crawled from the website, which is a BBS that provide the lenders to discuss the issues related to P2P lending. We preprocess the data and get the dataset with 18 properties. We describe it with Table
3 Haifeng Li et al. / Procedia Computer Science 91 ( 2016 ) In this dataset, the title and the descriptions are string information, which are not useful in our method. In addition, we transform the continously changed property values, such as age, to the discrete values with an aequilate method. Also, we convert the credit rate and other string type properties to integer properties. Table 1.The characteristics of the dataset Properties Title, Amount, Annual interest rate, Repayment Time, Descriptions, Credit rate, Successful loan number, Failed loan number, Gender, Age, Borrowed credit score, Lending credit score, Overdue, Membership score, Prestige, Forum currency, Contribution, Group Record Count Since not all the properties are valid in our problem, we employ the randomized logistic regression to filter certain the properties that have little impacts, and get the final properties. As shown in Figure 1, the age, membership score, group, amount has a very little percentage on our prediction; thus, we remove these properties. Also, we can see that the failed loan number, the payback time and the borrowed credit score may have a relatively much larger impact on the final predicting results Fig.1 The impacts of the properties
4 360 Haifeng Li et al. / Procedia Computer Science 91 ( 2016 ) Outlier Detecting Method In this section, we will use a outlier detecting method to perform our analysis. Generally, the outlier methods can be classified into 4 types: The statistics-based, the proximity-base, the density-based and the cluster-based. Since the statistics-based method requires the information of the data distributions, it cannot be used for our datasets. In addition, the proximity-based and the density-based methods are inefficient for massive data; thus, we finally choose the cluster-based method, which is described as follows. First, we clustered the data into K groups, and compute the center. Second, we computed the distances to the nearest center for all the data objects. Third, the relative distance β is computed, which is β=d(d, center)/m (d i, center), in which D(d, center) is the distance between the data object and the nearest center, and M (d i, center) is the median of the distances between all the data objects and their nearest centers. Finally, we compare the relative distance to a specified threshold. Fig. 2. Cluster when K=5, 10, 100, 1000 We perform the method when the threshold is set to 10. Figure 2 shows the mining results when we set K=5, 10, 100 and The X axis represented the ID of each data object, and the Y axis was the relative distance. As can be seen, the lower the K, the more effective this method. Thus we chose K=5 to achieve final results. In
5 Haifeng Li et al. / Procedia Computer Science 91 ( 2016 ) all the 31 outliers, we find only 6 users have good credit score, and the other 25 users have overdue records. As a result, this outlier detection method can be regard as a new method to find the bad credit score. Acknowledgements This research is supported by the National Natural Science Foundation of China ( , , ), Beijing Higher Education Young Elite Teacher Project (YETP0987). Key project of National Social Science Foundation of China(13AXW010), 121 of CUFE Talent project Young doctor Development Fund in 2014 (QBJ1427). References [1] B.C.Smith. Stability in consumer credit scores: Level and direction of FICO score drift as a precursor to mortgage default and prepayment. Journal of Housing Economics, [2] A. Soner. An empirical comparison of conventional techniques, neural networks and the three stage hybrid Adaptive Neuro Fuzzy Inference System (ANFIS) model for credit scoring analysis: The case of Turkish credit card data. European Journal of Operational Research, [3] S.Arya, C.Eckel, C.Wichman. Anatomy of the credit score. Journal of Economic Behavior & Ornanization, [4] D.Chen, F.Lai, Z.Lin. A trust model for online peer-to-peer lending: a lender s perspective. Information Technology Management, [5] R.Emerkter, Y.Tu, B.Jirasakuldech, M.Lu. Evaluating credit risk and loan performance in online Peer-to-Peer(P2P) lending. Applied Economics, [6] T.Harris. Credit scoring using the clustered support vector machine. Expert Systems with Applications, 2015.
Predicting Online Peer-to-Peer(P2P) Lending Default using Data Mining Techniques
Predicting Online Peer-to-Peer(P2P) Lending Default using Data Mining Techniques Jae Kwon Bae, Dept. of Management Information Systems, Keimyung University, Republic of Korea. E-mail: jkbae99@kmu.ac.kr
More informationAvailable online at ScienceDirect. Procedia Computer Science 61 (2015 ) 85 91
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 61 (15 ) 85 91 Complex Adaptive Systems, Publication 5 Cihan H. Dagli, Editor in Chief Conference Organized by Missouri
More informationZ-score Model on Financial Crisis Early-Warning of Listed Real Estate Companies in China: a Financial Engineering Perspective Wang Yi *
Available online at www.sciencedirect.com Systems Engineering Procedia 3 (2012) 153 157 Z-score Model on Financial Crisis Early-Warning of Listed Real Estate Companies in China: a Financial Engineering
More informationAvailable online at ScienceDirect. Procedia Computer Science 89 (2016 )
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 89 (2016 ) 441 449 Twelfth International Multi-Conference on Information Processing-2016 (IMCIP-2016) Prediction Models
More informationExamination on the Relationship between OVX and Crude Oil Price with Kalman Filter
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 55 (215 ) 1359 1365 Information Technology and Quantitative Management (ITQM 215) Examination on the Relationship between
More informationScienceDirect. Project Coordination Model
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 52 (2015 ) 83 89 The 6th International Conference on Ambient Systems, Networks and Technologies (ANT 2015) Project Coordination
More informationMultifractal Properties of Interest Rates in Bond Market
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 91 (2016 ) 432 441 Information Technology and Quantitative Management (ITQM 2016) Multifractal Properties of Interest Rates
More informationProcedia - Social and Behavioral Sciences 109 ( 2014 ) Yigit Bora Senyigit *, Yusuf Ag
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 109 ( 2014 ) 327 332 2 nd World Conference on Business, Economics and Management WCBEM 2013 Explaining
More informationInternational Journal of Advance Engineering and Research Development REVIEW ON PREDICTION SYSTEM FOR BANK LOAN CREDIBILITY
Scientific Journal of Impact Factor (SJIF): 4.72 International Journal of Advance Engineering and Research Development Volume 4, Issue 12, December -2017 e-issn (O): 2348-4470 p-issn (P): 2348-6406 REVIEW
More informationNaïve Bayesian Classifier and Classification Trees for the Predictive Accuracy of Probability of Default Credit Card Clients
American Journal of Data Mining and Knowledge Discovery 2018; 3(1): 1-12 http://www.sciencepublishinggroup.com/j/ajdmkd doi: 10.11648/j.ajdmkd.20180301.11 Naïve Bayesian Classifier and Classification Trees
More informationHandling Uncertainty in Social Lending Credit Risk Prediction with a Choquet Fuzzy Integral Model
Handling Uncertainty in Social Lending Credit Risk Prediction with a Choquet Fuzzy Integral Model Anahita Namvar, Mohsen Naderpour Decision Systems and e-service Intelligence Laboratory Centre for Artificial
More informationCredit Card Default Predictive Modeling
Credit Card Default Predictive Modeling Background: Predicting credit card payment default is critical for the successful business model of a credit card company. An accurate predictive model can help
More informationInternational Journal of Computer Engineering and Applications, Volume XII, Issue II, Feb. 18, ISSN
International Journal of Computer Engineering and Applications, Volume XII, Issue II, Feb. 18, www.ijcea.com ISSN 31-3469 AN INVESTIGATION OF FINANCIAL TIME SERIES PREDICTION USING BACK PROPAGATION NEURAL
More informationInternational Journal of Computer Science Trends and Technology (IJCST) Volume 5 Issue 2, Mar Apr 2017
RESEARCH ARTICLE Stock Selection using Principal Component Analysis with Differential Evolution Dr. Balamurugan.A [1], Arul Selvi. S [2], Syedhussian.A [3], Nithin.A [4] [3] & [4] Professor [1], Assistant
More informationInternational Journal of Computer Engineering and Applications, Volume XII, Issue II, Feb. 18, ISSN
Volume XII, Issue II, Feb. 18, www.ijcea.com ISSN 31-3469 AN INVESTIGATION OF FINANCIAL TIME SERIES PREDICTION USING BACK PROPAGATION NEURAL NETWORKS K. Jayanthi, Dr. K. Suresh 1 Department of Computer
More informationPerformance analysis of Neural Network Algorithms on Stock Market Forecasting
www.ijecs.in International Journal Of Engineering And Computer Science ISSN:2319-7242 Volume 3 Issue 9 September, 2014 Page No. 8347-8351 Performance analysis of Neural Network Algorithms on Stock Market
More informationISSN: (Online) Volume 4, Issue 2, February 2016 International Journal of Advance Research in Computer Science and Management Studies
ISSN: 2321-7782 (Online) Volume 4, Issue 2, February 2016 International Journal of Advance Research in Computer Science and Management Studies Research Article / Survey Paper / Case Study Available online
More informationMachine Learning in Risk Forecasting and its Application in Low Volatility Strategies
NEW THINKING Machine Learning in Risk Forecasting and its Application in Strategies By Yuriy Bodjov Artificial intelligence and machine learning are two terms that have gained increased popularity within
More informationProcedia - Social and Behavioral Sciences 156 ( 2014 )
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 156 ( 2014 ) 538 542 19th International Scientific Conference; Economics and Management 2014, ICEM 2014,
More informationA New Method Based on Clustering and Feature Selection for Credit Scoring of Banking Customers Seyedeh Maryam Anaei 1 and Mohsen Moradi 2
A New Method Based on Clustering and Feature Selection for Credit Scoring of Banking Customers Seyedeh Maryam Anaei 1 and Mohsen Moradi 2 1 Department of Computer engineering,islamic Azad University Boushehr
More informationBusiness Strategies in Credit Rating and the Control of Misclassification Costs in Neural Network Predictions
Association for Information Systems AIS Electronic Library (AISeL) AMCIS 2001 Proceedings Americas Conference on Information Systems (AMCIS) December 2001 Business Strategies in Credit Rating and the Control
More informationStock Trading Following Stock Price Index Movement Classification Using Machine Learning Techniques
Stock Trading Following Stock Price Index Movement Classification Using Machine Learning Techniques 6.1 Introduction Trading in stock market is one of the most popular channels of financial investments.
More informationProcedia - Social and Behavioral Sciences 205 ( 2015 ) th World conference on Psychology Counseling and Guidance, May 2015
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 205 ( 2015 ) 499 504 6th World conference on Psychology Counseling and Guidance, 14-16 May 2015 The Relationship
More informationA COMPARATIVE STUDY OF DATA MINING TECHNIQUES IN PREDICTING CONSUMERS CREDIT CARD RISK IN BANKS
A COMPARATIVE STUDY OF DATA MINING TECHNIQUES IN PREDICTING CONSUMERS CREDIT CARD RISK IN BANKS Ling Kock Sheng 1, Teh Ying Wah 2 1 Faculty of Computer Science and Information Technology, University of
More informationProcedia - Social and Behavioral Sciences 109 ( 2014 ) Policy-term financing of a business
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 109 ( 2014 ) 375 379 2 nd World Conference On Business, Economics And Management - WCBEM 2012 Policy-term
More informationStock Prediction Using Twitter Sentiment Analysis
Problem Statement Stock Prediction Using Twitter Sentiment Analysis Stock exchange is a subject that is highly affected by economic, social, and political factors. There are several factors e.g. external
More informationAn Empirical Study on Default Factors for US Sub-prime Residential Loans
An Empirical Study on Default Factors for US Sub-prime Residential Loans Kai-Jiun Chang, Ph.D. Candidate, National Taiwan University, Taiwan ABSTRACT This research aims to identify the loan characteristics
More informationPredicting prepayment and default risks of unsecured consumer loans in online lending
Predicting prepayment and default risks of unsecured consumer loans in online lending Zhiyong Li School of Finance, Southwestern University of Finance and Economics, China Ying Tang Southwestern University
More informationStock market price index return forecasting using ANN. Gunter Senyurt, Abdulhamit Subasi
Stock market price index return forecasting using ANN Gunter Senyurt, Abdulhamit Subasi E-mail : gsenyurt@ibu.edu.ba, asubasi@ibu.edu.ba Abstract Even though many new data mining techniques have been introduced
More informationAn introduction to Machine learning methods and forecasting of time series in financial markets
An introduction to Machine learning methods and forecasting of time series in financial markets Mark Wong markwong@kth.se December 10, 2016 Abstract The goal of this paper is to give the reader an introduction
More informationNew Option Strategy and its Using for Investment Certificate Issuing
Available online at www.sciencedirect.com Procedia Economics and Finance 3 ( 2012 ) 199 203 Emerging Markets Queries in Finance and Business New Option Strategy and its Using for Investment Certificate
More informationProcedia - Social and Behavioral Sciences 109 ( 2014 ) Analysis of Financial Performance of Private Banks in Pakistan
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 109 ( 2014 ) 1021 1025 2 nd World Conference On Business, Economics And Management - WCBEM2013 Analysis
More informationAccepted Manuscript. Enterprise Credit Risk Evaluation Based on Neural Network Algorithm. Xiaobing Huang, Xiaolian Liu, Yuanqian Ren
Accepted Manuscript Enterprise Credit Risk Evaluation Based on Neural Network Algorithm Xiaobing Huang, Xiaolian Liu, Yuanqian Ren PII: S1389-0417(18)30213-4 DOI: https://doi.org/10.1016/j.cogsys.2018.07.023
More informationThe Present Situation of Empirical Accounting Research in China and Its Gap with Foreign Countries. Wei-Hua ZHANG
3rd Annual International Conference on Management, Economics and Social Development (ICMESD 2017) The Present Situation of Empirical in China and Its Gap with Foreign Countries Wei-Hua ZHANG Zhejiang Yuexiu
More informationScienceDirect. The Application of Fuzzy Association Rule on Co-Movement Analyze of Indonesian Stock Price
Available online at wwwsciencedirectcom ScienceDirect Procedia Computer Science 59 (2015 ) 235 243 International Conference on Computer Science and Computational Intelligence (ICCSCI 2015) The Application
More informationProcedia - Social and Behavioral Sciences 140 ( 2014 ) PSYSOC Assessment of Corporate Behavioural Finance
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 10 ( 201 ) 32 39 PSYSOC 201 Assessment of Corporate Behavioural Finance Daiva Jurevičienė*, Egidijus Bikas,
More informationAdaptive Neuro-Fuzzy Inference System for Mortgage Loan Risk Assessment
International Journal of Intelligent Information Systems 2016; 5(1): 17-24 Published online February 19, 2016 (http://www.sciencepublishinggroup.com/j/ijiis) doi: 10.11648/j.ijiis.20160501.13 ISSN: 2328-7675
More informationKeyword: Risk Prediction, Clustering, Redundancy, Data Mining, Feature Extraction
Volume 6, Issue 2, February 2016 ISSN: 2277 128X International Journal of Advanced Research in Computer Science and Software Engineering Research Paper Available online at: www.ijarcsse.com Clustering
More informationScienceDirect. Mortgage Lending for Slum Clearance
Available online at www.sciencedirect.com ScienceDirect Procedia Engineering 117 (2015 ) 304 308 International Scientific Conference Urban Civil Engineering and Municipal Facilities, SPbUCEMF-2015 Mortgage
More informationStock Price and Index Forecasting by Arbitrage Pricing Theory-Based Gaussian TFA Learning
Stock Price and Index Forecasting by Arbitrage Pricing Theory-Based Gaussian TFA Learning Kai Chun Chiu and Lei Xu Department of Computer Science and Engineering The Chinese University of Hong Kong, Shatin,
More informationAvailable online at ScienceDirect
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 31 ( 2014 ) 766 772 2nd International Conference on Information Technology and Quantitative Management, ITQM 2014 Comparison
More informationMulti-factor Stock Selection Model Based on Kernel Support Vector Machine
Journal of Mathematics Research; Vol. 10, No. 5; October 2018 ISSN 1916-9795 E-ISSN 1916-9809 Published by Canadian Center of Science and Education Multi-factor Stock Selection Model Based on Kernel Support
More informationAvailable online at ScienceDirect. Procedia Economics and Finance 32 ( 2015 ) Andreea Ro oiu a, *
Available online at www.sciencedirect.com ScienceDirect Procedia Economics and Finance 32 ( 2015 ) 496 502 Emerging Markets Queries in Finance and Business Monetary policy and time varying parameter vector
More informationIran s Stock Market Prediction By Neural Networks and GA
Iran s Stock Market Prediction By Neural Networks and GA Mahmood Khatibi MS. in Control Engineering mahmood.khatibi@gmail.com Habib Rajabi Mashhadi Associate Professor h_mashhadi@ferdowsi.um.ac.ir Electrical
More informationInternational Journal of Research in Engineering Technology - Volume 2 Issue 5, July - August 2017
RESEARCH ARTICLE OPEN ACCESS The technical indicator Z-core as a forecasting input for neural networks in the Dutch stock market Gerardo Alfonso Department of automation and systems engineering, University
More informationScienceDirect. The Determinants of CDS Spreads: The Case of UK Companies
Available online at www.sciencedirect.com ScienceDirect Procedia Economics and Finance 23 ( 2015 ) 1302 1307 2nd GLOBAL CONFERENCE on BUSINESS, ECONOMICS, MANAGEMENT and TOURISM, 30-31 October 2014, Prague,
More informationThe analysis of credit scoring models Case Study Transilvania Bank
The analysis of credit scoring models Case Study Transilvania Bank Author: Alexandra Costina Mahika Introduction Lending institutions industry has grown rapidly over the past 50 years, so the number of
More informationAvailable online at ScienceDirect. Procedia Engineering 161 (2016 )
Available online at www.sciencedirect.com ScienceDirect Procedia Engineering 161 (2016 ) 163 167 World Multidisciplinary Civil Engineering-Architecture-Urban Planning Symposium 2016, WMCAUS 2016 Cost Risk
More informationApplication of Data Mining Technology in the Loss of Customers in Automobile Insurance Enterprises
International Journal of Data Science and Analysis 2018; 4(1): 1-5 http://www.sciencepublishinggroup.com/j/ijdsa doi: 10.11648/j.ijdsa.20180401.11 ISSN: 2575-1883 (Print); ISSN: 2575-1891 (Online) Application
More informationABSTRACT. KEYWORDS: Credit Risk, Bad Debts, Credit Rating, Credit Indices, Logistic Regression INTRODUCTION AHMAD NAGHILOO 1 & MORADI FEREIDOUN 2
BEST: Journal of Management, Information Technology and Engineering (BEST: JMITE) Vol., Issue, Jun 05, 59-66 BEST Journals THE RELATIONSHIP BETWEEN CREDIT RISK AND BAD DEBTS THROUGH OPTIMUM CREDIT RISK
More informationStock Price Prediction using Recurrent Neural Network (RNN) Algorithm on Time-Series Data
Stock Price Prediction using Recurrent Neural Network (RNN) Algorithm on Time-Series Data Israt Jahan Department of Computer Science and Operations Research North Dakota State University Fargo, ND 58105
More informationPredictive Risk Categorization of Retail Bank Loans Using Data Mining Techniques
National Conference on Recent Advances in Computer Science and IT (NCRACIT) International Journal of Scientific Research in Computer Science, Engineering and Information Technology 2018 IJSRCSEIT Volume
More informationCREDIT SCORING USING LOGISTIC REGRESSION
San Jose State University SJSU ScholarWorks Master's Projects Master's Theses and Graduate Research Spring 5-25-2017 CREDIT SCORING USING LOGISTIC REGRESSION Ansen Mathew San Jose State University Follow
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, December 2017, vol. 22, no. 3 STOCK PRICE PREDICTION
More informationThe Effect of Expert Systems Application on Increasing Profitability and Achieving Competitive Advantage
The Effect of Expert Systems Application on Increasing Profitability and Achieving Competitive Advantage Somaye Hoseini M.Sc Candidate, University of Mehr Alborz, Iran Ali Kermanshah (Ph.D) Member, University
More informationScienceDirect. A Comparison of Several Bonus Malus Systems
Available online at www.sciencedirect.com ScienceDirect Procedia Economics and Finance 26 ( 2015 ) 188 193 4th World Conference on Business, Economics and Management, WCBEM A Comparison of Several Bonus
More informationFinancial Innovation and Borrowers: Evidence from Peer-to-Peer Lending
Financial Innovation and Borrowers: Evidence from Peer-to-Peer Lending Tetyana Balyuk BdF-TSE Conference November 12, 2018 Research Question Motivation Motivation Imperfections in consumer credit market
More informationPredicting and Preventing Credit Card Default
Predicting and Preventing Credit Card Default Project Plan MS-E2177: Seminar on Case Studies in Operations Research Client: McKinsey Finland Ari Viitala Max Merikoski (Project Manager) Nourhan Shafik 21.2.2018
More informationOutline. Consumers generate Big Data. Big Data and Economic Modeling. Economic Modeling with Big Data: Understanding Consumer Overdrafting at Banks
Economic Modeling with Big Data: Understanding Consumer Overdrafting at Banks Xiao Liu, Alan L. Montgomery and Kannan Srinivasan Tepper School of Business Carnegie Mellon University Outline Big Data and
More informationCreation and Application of Expert System Framework in Granting the Credit Facilities
Creation and Application of Expert System Framework in Granting the Credit Facilities Somaye Hoseini M.Sc Candidate, University of Mehr Alborz, Iran Ali Kermanshah (Ph.D) Member, University of Mehr Alborz,
More informationInternational Journal of Computer Engineering and Applications, Volume XII, Issue I, Jan. 18, ISSN
A.Komathi, J.Kumutha, Head & Assistant professor, Department of CS&IT, Research scholar, Department of CS&IT, Nadar Saraswathi College of arts and science, Theni. ABSTRACT Data mining techniques are becoming
More informationA Comparative Study of Ensemble-based Forecasting Models for Stock Index Prediction
Association for Information Systems AIS Electronic Library (AISeL) MWAIS 206 Proceedings Midwest (MWAIS) Spring 5-9-206 A Comparative Study of Ensemble-based Forecasting Models for Stock Index Prediction
More informationAvailable online at ScienceDirect. Procedia Computer Science 61 (2015 ) 80 84
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 61 (015 ) 80 84 Complex Adaptive Systems, Publication 5 Cihan H. Dagli, Editor in Chief Conference Organized by Missouri
More informationPrediction of Stock Closing Price by Hybrid Deep Neural Network
Available online www.ejaet.com European Journal of Advances in Engineering and Technology, 2018, 5(4): 282-287 Research Article ISSN: 2394-658X Prediction of Stock Closing Price by Hybrid Deep Neural Network
More informationLOGISTIC REGRESSION OF LOAN FULFILLMENT MODEL ON ONLINE PEER-TO-PEER LENDING
International Journal of Economics, Commerce and Management United Kingdom Vol. VI, Issue 11, November 2018 http://ijecm.co.uk/ ISSN 2348 0386 LOGISTIC REGRESSION OF LOAN FULFILLMENT MODEL ON ONLINE PEER-TO-PEER
More informationThe Use of Artificial Neural Network for Forecasting of FTSE Bursa Malaysia KLCI Stock Price Index
The Use of Artificial Neural Network for Forecasting of FTSE Bursa Malaysia KLCI Stock Price Index Soleh Ardiansyah 1, Mazlina Abdul Majid 2, JasniMohamad Zain 2 Faculty of Computer System and Software
More informationDoes Calendar Time Portfolio Approach Really Lack Power?
International Journal of Business and Management; Vol. 9, No. 9; 2014 ISSN 1833-3850 E-ISSN 1833-8119 Published by Canadian Center of Science and Education Does Calendar Time Portfolio Approach Really
More informationUPDATED IAA EDUCATION SYLLABUS
II. UPDATED IAA EDUCATION SYLLABUS A. Supporting Learning Areas 1. STATISTICS Aim: To enable students to apply core statistical techniques to actuarial applications in insurance, pensions and emerging
More informationAssessing Credit Risk: an Application of Data Mining in a Rural Bank
Available online at www.sciencedirect.com Procedia Economics and Finance 4 ( 2012 ) 406 412 International Conference on Small and Medium Enterprises Development with a Theme (ICSMED 2012) Assessing Credit
More informationDeveloping a Risk Group Predictive Model for Korean Students Falling into Bad Debt*
Asian Economic Journal 2018, Vol. 32 No. 1, 3 14 3 Developing a Risk Group Predictive Model for Korean Students Falling into Bad Debt* Jun-Tae Han, Jae-Seok Choi, Myeon-Jung Kim and Jina Jeong Received
More informationAvailable online at ScienceDirect. Procedia Environmental Sciences 22 (2014 )
Available online at www.sciencedirect.com ScienceDirect Procedia Environmental Sciences 22 (2014 ) 414 422 12th International Conference on Design and Decision Support Systems in Architecture and Urban
More informationMachine Learning Performance over Long Time Frame
Machine Learning Performance over Long Time Frame Yazhe Li, Tony Bellotti, Niall Adams Imperial College London yli16@imperialacuk Credit Scoring and Credit Control Conference, Aug 2017 Yazhe Li (Imperial
More informationForecasting stock market prices
ICT Innovations 2010 Web Proceedings ISSN 1857-7288 107 Forecasting stock market prices Miroslav Janeski, Slobodan Kalajdziski Faculty of Electrical Engineering and Information Technologies, Skopje, Macedonia
More informationProcedia - Social and Behavioral Sciences 156 ( 2014 )
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 156 ( 2014 ) 612 616 19th International Scientific Conference; Economics and Management 2014, ICEM 2014,
More informationSELECTION BIAS REDUCTION IN CREDIT SCORING MODELS
SELECTION BIAS REDUCTION IN CREDIT SCORING MODELS Josef Ditrich Abstract Credit risk refers to the potential of the borrower to not be able to pay back to investors the amount of money that was loaned.
More informationOPENING RANGE BREAKOUT STOCK TRADING ALGORITHMIC MODEL
OPENING RANGE BREAKOUT STOCK TRADING ALGORITHMIC MODEL Mrs.S.Mahalakshmi 1 and Mr.Vignesh P 2 1 Assistant Professor, Department of ISE, BMSIT&M, Bengaluru, India 2 Student,Department of ISE, BMSIT&M, Bengaluru,
More informationScienceDirect. Some Applications in Economy for Utility Functions Involving Risk Theory
Available online at www.sciencedirect.com ScienceDirect Procedia Economics and Finance ( 015 ) 595 600 nd International Conference Economic Scientific Research - Theoretical Empirical and Practical Approaches
More informationA Study on the Motif Pattern of Dark-Cloud Cover in the Securities
A Study on the Motif Pattern of Dark-Cloud Cover in the Securities Jing Long 1, Wen-Gang Che 1, Ren Yu 1, Zhi-Yuan Zhou 1 1 Faculty of Information Engineering and Automation Kunming University of Science
More informationPrediction Using Back Propagation and k- Nearest Neighbor (k-nn) Algorithm
Prediction Using Back Propagation and k- Nearest Neighbor (k-nn) Algorithm Tejaswini patil 1, Karishma patil 2, Devyani Sonawane 3, Chandraprakash 4 Student, Dept. of computer, SSBT COET, North Maharashtra
More informationConfusion in scorecard construction - the wrong scores for the right reasons
Confusion in scorecard construction - the wrong scores for the right reasons David J. Hand Imperial College, London and Winton Capital Management September 2012 Confusion in scorecard construction - Hand
More informationNatural Customer Ranking of Banks in Terms of Credit Risk by Using Data Mining A Case Study: Branches of Mellat Bank of Iran
Jurnal UMP Social Sciences and Technology Management Vol. 3, Issue. 2,2015 Natural Customer Ranking of Banks in Terms of Credit Risk by Using Data Mining A Case Study: Branches of Mellat Bank of Iran Somayyeh
More informationStudy on Principle of Product Defect Identification
Available online at www.sciencedirect.com Procedia Engineering 43 (2012 ) 393 398 International Symposium on Safety Science and Engineering in China, 2012 (ISSSE-2012) Study on Principle of Product Defect
More information2nd Annual International Conference on Accounting and Finance (AF 2012) Current context of disclosure of corporate social responsibility in Sri Lanka
Available online at www.sciencedirect.com Procedia Economics and Finance 2 ( 2012 ) 171 178 2nd Annual International Conference on Accounting and Finance (AF 2012) Current context of disclosure of corporate
More informationBond Market Prediction using an Ensemble of Neural Networks
Bond Market Prediction using an Ensemble of Neural Networks Bhagya Parekh Naineel Shah Rushabh Mehta Harshil Shah ABSTRACT The characteristics of a successful financial forecasting system are the exploitation
More informationAvailable online at ScienceDirect. Procedia Economics and Finance 32 ( 2015 ) Paula Nistor a, *
Available online at www.sciencedirect.com ScienceDirect Procedia Economics and Finance 32 ( 2015 ) 981 985 Emerging Markets Queries in Finance and Business FDI implications on BRICS economy growth Paula
More informationJournal Of Financial And Strategic Decisions Volume 7 Number 3 Fall 1994 ASYMMETRIC INFORMATION: THE CASE OF BANK LOAN COMMITMENTS
Journal Of Financial And Strategic Decisions Volume 7 Number 3 Fall 1994 ASYMMETRIC INFORMATION: THE CASE OF BANK LOAN COMMITMENTS James E. McDonald * Abstract This study analyzes common stock return behavior
More informationAdeptness Comparison between Instance Based and K Star Classifiers for Credit Risk Scrutiny
Adeptness Comparison between Instance Based and K Star Classifiers for Credit Risk Scrutiny C. Lakshmi Devasena 1 Department of Operations and IT, IBS, Hyderabad, IFHE University, Hyderabad, Tamilnadu,
More informationEvaluation, Measurement, and Verification (EM&V) of Residential Behavior-Based Energy Efficiency Programs: Issues and Recommendations
Evaluation, Measurement, and Verification (EM&V) of Residential Behavior-Based Energy Efficiency Programs: Issues and Recommendations November 13, 2012 Michael Li U.S. Department of Energy Annika Todd
More informationInternational Journal of Computer Engineering and Applications, Volume XII, Issue IV, April 18, ISSN
STOCK MARKET PREDICTION USING ARIMA MODEL Dr A.Haritha 1 Dr PVS Lakshmi 2 G.Lakshmi 3 E.Revathi 4 A.G S S Srinivas Deekshith 5 1,3 Assistant Professor, Department of IT, PVPSIT. 2 Professor, Department
More informationAn enhanced artificial neural network for stock price predications
An enhanced artificial neural network for stock price predications Jiaxin MA Silin HUANG School of Engineering, The Hong Kong University of Science and Technology, Hong Kong SAR S. H. KWOK HKUST Business
More informationAmath 546/Econ 589 Introduction to Credit Risk Models
Amath 546/Econ 589 Introduction to Credit Risk Models Eric Zivot May 31, 2012. Reading QRM chapter 8, sections 1-4. How Credit Risk is Different from Market Risk Market risk can typically be measured directly
More informationAn effective application of decision tree to stock trading
Expert Systems with Applications 31 (2006) 270 274 www.elsevier.com/locate/eswa An effective application of decision tree to stock trading Muh-Cherng Wu *, Sheng-Yu Lin, Chia-Hsin Lin Department of Industrial
More informationDEVELOPING PREDICTION MODEL FOR STOCK EXCHANGE DATA SET USING HADOOP MAP REDUCE TECHNIQUE
DEVELOPING PREDICTION MODEL FOR STOCK EXCHANGE DATA SET USING HADOOP MAP REDUCE TECHNIQUE Mrs. Lathika J Shetty 1, Ms. Shetty Mamatha Gopal 2 1 Computer Science & Engineering, Sahyadri College of Engineering
More informationAutomated Options Trading Using Machine Learning
1 Automated Options Trading Using Machine Learning Peter Anselmo and Karen Hovsepian and Carlos Ulibarri and Michael Kozloski Department of Management, New Mexico Tech, Socorro, NM 87801, U.S.A. We summarize
More informationProcedia - Social and Behavioral Sciences 156 ( 2014 ) Ingars Erins a *, Laura Vitola b. Riga Technical University, Latvia
Available online at www.sciencedirect.com ScienceDirect Procedia - Social and Behavioral Sciences 156 ( 2014 ) 334 339 19th International Scientific Conference; Economics and Management 2014, ICEM 2014,
More informationModel Maestro. Scorto TM. Specialized Tools for Credit Scoring Models Development. Credit Portfolio Analysis. Scoring Models Development
Credit Portfolio Analysis Scoring Models Development Scorto TM Models Analysis and Maintenance Model Maestro Specialized Tools for Credit Scoring Models Development 2 Purpose and Tasks to Be Solved Scorto
More informationFORECASTING THE S&P 500 INDEX: A COMPARISON OF METHODS
FORECASTING THE S&P 500 INDEX: A COMPARISON OF METHODS Mary Malliaris and A.G. Malliaris Quinlan School of Business, Loyola University Chicago, 1 E. Pearson, Chicago, IL 60611 mmallia@luc.edu (312-915-7064),
More informationModelling LGD for unsecured personal loans
Modelling LGD for unsecured personal loans Comparison of single and mixture distribution models Jie Zhang, Lyn C. Thomas School of Management University of Southampton 2628 August 29 Credit Scoring and
More informationA Novel Method of Trend Lines Generation Using Hough Transform Method
International Journal of Computing Academic Research (IJCAR) ISSN 2305-9184, Volume 6, Number 4 (August 2017), pp.125-135 MEACSE Publications http://www.meacse.org/ijcar A Novel Method of Trend Lines Generation
More informationMarket value of Innovation: An empirical analysis on China's stock market
Available online at www.sciencedirect.com ScienceDirect Procedia Computer Science 55 (2015 ) 1275 1284 Information Technology and Quantitative Management (ITQM 2015) Market value of Innovation: An empirical
More information